UK's Jupiter Fund Management H1 AUM rises 36% on CCLA deal

Jupiter Fund Management

23/07/2026 07:14

    

    Overview
  
UK asset manager's H1 AUM rose 36% to £73.7bln, driven by CCLA acquisition and net inflows
Underlying pretax profit for H1 climbed 67% to £50.7mln, statutory pretax profit up 29%
Company improved cost:income ratio to 77% and announced interim dividend of 3.7p per share

    

    Outlook
  
Jupiter targets a medium-term cost:income ratio of 70%
Company raises minimum synergy target from CCLA acquisition to at least £17m annually
Jupiter expects to realise about £8m in cost synergies from CCLA in 2026

    

    Result Drivers
  
POSITIVE NET FLOWS - Co reported £0.7bln of net new business, supported by strong gross inflows, especially in retail and wholesale channels
CCLA ACQUISITION - Completion of CCLA acquisition drove AUM and revenue growth, though CCLA saw expected outflows after acquisition
COST DISCIPLINE & SYNERGIES - Improved cost:income ratio and profit supported by cost discipline and faster-than-expected realisation of CCLA integration synergies

    
Company press release: ID:nRSW4825Na

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Adjusted Pretax Profit
 
GBP 50.70 mln
 
H1 Assets Under Management
 
GBP 73.70 bln
 
H1 Pretax Profit
 
GBP 35.40 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Jupiter Fund Management PLC is GBp175.00, about 7.1% above its July 22 closing price of GBp163.40
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

    

    Reuters Recommended Reads
  
July 22 - UK's Liontrust quarterly net outflows ease as institutional clients add funds
July 21 - UK's Arbuthnot Banking H1 pretax profit edges up, raises dividend
July 21 - India's SBI Funds ends 6.2% higher on debut as investors bet on industry growth

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)